Started contributing on a start-up after hours/weekends for free – What are some red flags I should look for?

hey guys,

I have a full-time job as an analyst and have been recently approached by a friend who is working on the idea and started to build a business around it. Basically the idea is still on paper but this friend already has quite a big team for a start-up. Following are the current employees,

  • CEO
  • CTO
  • COO
  • Two Engineers
  • Two Graphic Designers
  • One Analyst (me)
  • One Marketing Manager

We do not have any findings yet, but we are planning to pitch our idea to investors with MVP soon.

CEO, CTO and COO are the ones who came up with the idea and we just started working for them without any contract or anything. There are no official docs signed by anyone and basically all of us are contributing our time and efforts for free so far.

I had a chat with CEO (my friend) about the equity today and he said that we will have a meeting to decide what everyone is going to get out of this.

I don't know anything about start-ups and not sure how to approach this situation.

Any pointers will be really helpful

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Startups – Rapid Growth and Innovation is in Our Very Nature!

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